WORLDglobal
Oil surges 3% as Iranian strikes on UAE renew supply fears
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Updated 3 hours ago
First seen March 17, 2026 14:20:08Stay on top of this story
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Quick Summary
Oil prices jumped about 3% on Tuesday after renewed Iranian attacks on the United Arab Emirates rekindled supply fears, with the Strait of Hormuz remaining largely shut and several U.S. allies rebuffing President Trump's call to send warships to escort shipping through the vital waterway.